Hi investors, today @tradealert and @deanliu join forces to introduce COBINHOOD, an exciting new ICO platform and exchange.
We'll start by presenting the platform's most interesting features (I), Dan (@tradealert) will share his personal trading experience on the exchange since Dean (@deanliu) has already shared his experience right after the platform lauched (II) and we'll conclude by discussing how you can invest in Cobinhood through their native COB token (III).
I - The platform.
COBINHOOD is new exciting hybrid crypto platform which allows its users to trade and participate in ICOs all in the same interface. The young team behind the project is based in Taiwan and the CEO Popo Chen has extensive experience as an entrepreneur. Interestingly, the project is advised by Tony Scott who is the former CIO at VMWare, Microsoft and the Walt Disney Company.
The project maintain a Github page, a Discord channel and a subreddit where most of the community is active.
Finally, the platform possess its own native token: COB which we will talk about later in more detail.
Cobinhood has three very distinctive features that sets it apart from its competition:
- The first and the most ubiquitous is the zero-fees trading policy which is unique to the project and a potential game changer in the industry. For comparison with other exchanges you can refer to the table below, notice how the average taker fee stands around 0.2% in most other exchanges (although exchanges like Binance allow for a discount when using their native token to pay for fees). It should also be noted that Cobinhood also allows COB token holders to receive a 50% discount on margin loans when these are settled in COBs.
- Second, Cobinhood provides underwriting services for ICOs which, combined with the exchange feature, will allow any project that uses its platform to access to instant liquidity making it very appealing for investors. Additionally, all COB token holders are entitled to discounted ICO token offers proportional to the number of COB tokens they hold. Here's an example of how this worked in their first ICO (CyberMiles/CMT):
- Third, Cobinhood plans to enable fiat transfers in the future which is a feature that most centralized exchanges lack of and could help capture some of Bitfinex' US users as well as ensure the financial health of the platform.
So, the fundamentals look all fine and dandy but what about the experience.
II- Dan's experience.
I've been trading on Cobinhood using the desktop web interface for about two weeks now and the experience has been very positive and smooth so far. Here's some of the things you should now before jumping in though.
Fees an Feel.
- The zero trading fees is a breeze of fresh air and it was really nice to be able to trade between currencies without constantly feeling ripped off. Beside, Cobinhood has some of the cheapest Bitcoin withdrawal fees I've seen in a centralized exchanges (0.005 at the time of writing) which really surprised me;
- The interface looks sleek and is easy on the eyes for someone that mostly trades at night like myself. The different menus are easy to navigate and they have a very responsive customer support (at least it was fast in my case).
Withdrawals.
- It's important to note that withdrawals cannot be executed unless you are verified at level 1 or above (you can deposit without being verified though) so I recommend you obtain a level 1 verification before you start trading on Cobinhood so to avoid any drama. It took me about a day to be verified at level 1, it was very simple and did not require me to submit any ID documents or personal addresses;
- The second thing to note is that withdrawals aren't automated yet so there can be quite a bit of delay there. The reason for that is because they are still being manually verified for security reasons but the team has announced that automatic withdrawals will be enabled in late January.
Coins and liquidity.
- Right now the exchange feels a bit like a ghost town, order books are very thin and only 4 tokens are listed (BTC, ETH, COB and CMT), however the team has said they plan on listing new tokens very soon (see below and here for more):
- Finally, I was able to get CyberMiles (CMT) tokens almost for free by just holding COB through the CMT ICO which took place on the platform just a few weeks ago. The gain wasn't extraordinary but it was nice to be airdropped some tokens and this system has some interesting potential although the rewards would need to be more consequent to really constitute an incentive to hold more COBs.
In conclusion, the experience was very enjoyable and I am looking forward for the exchange to list more coins and pick up more liquidity so to allow me to trade there with bigger sizes. I believe that the zero-fees policy is going to attract a lot of traders and will be a game changer for the industry.
So, if you believe like we do that Cobinhood's future is bright under the crypto sun, why not invest in it?
III - Investing in Cobinhood.
- The main investment thesis behind acquiring COB tokens is that the demand for COB tokens is probably going to increase rapidly as the platform gains in popularity both as an exchange and as an ICO hub, in simpler term, COB could become the next Binance coin (BNB);
- Investing in the platform can be done by purchasing COB tokens. Right now, COBs trade on three markets: EtherDelta, Mercatox and Cobinhood (not yet listed on CMC) but there is massive fluctuation in price between those exchanges due to COB tokens deposit not being allowed on Mercatox.
So your cheapest option to buy COB is Cobinhood itself:
However, make sure to go easy on position size since, as we mentioned before, the COB order book is quite thin there.
So that's it for today folks and we hope you learn something new, don't forget to re-steem, upvote and follow @tradealert and @deanliu if you like our featured content.
Cheers,
Dan & Dean.
disclaimer - Cobinhood images from their respective official sources.
Nice
Very nice read. Go COB!
You contributed to its growth a little bit too! lol
Thanks @wilkinshui :)
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
I'm excited about Cobinhood!
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
NO! Thanks for the heads up!!
I think I will add it to my large xchange comparison
that's your site? seems pretty cool.
i am professional trader and i recently in crypto world and trading check many markets and broker and i am unable to find a indicator in crypto exchange that called ichi mouko kinko hyuo plz tell me that is this exchange have this indicator if yes i ll promise i ll trade only with this your recmend exchange thanks dudu have a nice day take care waiting your reply
let me get @tradealert to answer your question.
Hi @ali649, so far only RSI, MACD and Volume are available, not sure if they plan on adding more indicators. If you're looking for a charting tool with more exotic features I would recommend you try Coinigy.com (https://www.coinigy.com/), you can use the Ichimoku Cloud to plan your trades and execute on Cobinhood :)
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
Thanks, good to know
Feeless is definitely a huge boom but I wonder how long could that last if the platform become a mainstream choice. For sure will take a look on it.
that answer depends on how profitable margin trading can be for exchanges. I heard that it is quite good. so maybe they let fee goes to zero and bring volume here and expect it to generate money if more will be involved in margin trading... well, that's just my reasoning. :)
yeah the volume is all an exchange want and need. let's see if how high could they rise.
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
I think you should check EzToken, bankera and Fast Invest these are that I invested my money
will do. thanks for sharing.
Binance registration is open
Signup Link
that's not a good way to spread your ref link, man.
Sorry
Sounds great!
intersting post... its good for trading...i like it...
yeah, totally. the psychological burden of trading fees (no matter how small) is finally gone here. so it is like fresh air for crypto traders.
Good
it's good to know and I vote for you
thanks!
Nice info. Def will try it out
of all people, we should support Cobinhood ... it's basically a Taiwan team. :)
waiting for verification :)
感谢你提供的这些资料！！非常有用！！！follow you！
不用客氣。謝謝支持。
It is good to know Cobinhood in my list today, I was registered, so amazing to learn and see this one in era crypto. Hope all in good futher. @johnrenald
Great time to be alive indeed :)
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
BTC, ETH, COB and CMT are boss coin but i have lost steem dollar to convert in btc.i did this convert in blocktrade.
Is there any way to get back those money.
I believe there is a customer service email on the website. good luck!
I only hear this Cobinhood from you and it seems interesting. I'll check on it later with Google :)
Thanks for sharing your awesome!
no problem. always a pleasure to share. ^^
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
I just 5X my money in 5 days, up 500%, ballin lol
by investing in Cob? you are lucky! it has not moved for quite a while.
Is cobinhood has limitation for trading in certain countries such as Malaysia?
Can I buy Steem on this platform? Thank you for answer me in advance
for trading crypto, as far as I know, there is no limit. for depositing/withdrawing fiat, for receiving ico tokens, etc... there are so restrictions for certain areas.
No Steem yet and I guess not any time soon since Steem is not really a hot trading coin out there. Maybe I will recommend to them in due course.
Thank you so much for the explanation!
Good to know! Thanks for sharing on cobinhood! Will follow both of u
you are welcome and thanks for following.
Thanks @jiafui :)
Good to know! Thanks for sharing on cobinhood! Will follow both of u
seems really interesting, and damn, without fees is a dream!
yeah, no fee is great. but for earning something that's still no guarantee! lol
This is a really very informative and great article.
It's very useful and helpful article.
Thanks for sharing the informations about cobinhood.
you are welcome.
Thanks for stopping by @anayakhan :)
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
I understand the entire concept before investing, I have one question if the exchange doesn't take any exchange fee, how does it raise the amount to maintain its servers etc. I understand ICO will help but wouldn't be limited to the amount it can raise because I amhave willimg too pledge $1000 dollars to it if the concept is worth it so I needed some insights.
to answer simply: profit from margin trading (which requires fees) and ico underwriting.
Binance is already open for registrations again!
But there are a lot of new undiscovered top exchanges! Check the comparison
支持台灣！
：）
Sounds great thanks for the share, I will look into this.
Great!!
So should i sign up to Cobinhood because i can't sign up for Bittrex and my Poloniex sign up is still in process since last year?
Am also thinking abt Binance. Oh to be such a noob in this. But i want to trade currencies like, right now. 😂
Hi @artgirl, Cobinhood is a new exchange so you'll be verified much more quickly there.
Ok thanks. I really need to build up more Steem i guess. Lol.
no worries :)
Just signed up on Cobinhood. Thanks for your intro!
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
@criticalmass, our pleasure :)
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge
You have mentioned "(0.005 at the time of writing)" in "Fees an Feel" section. I think BTC withdrawal fees are 0.0005 BTC in CobinHood. Please recheck and modify.
you wrote wrong btc fee there, simply forgot a zero.
Do you know you can get paid for your steemit blogs in which you review Cobinhood? https://steemit.com/cobinhood/@starkerz/is-cobinhood-undervalued-get-paid-to-review-oracle-d-first-challenge